OpenAI, the creator of ChatGPT, is gearing up to launch its Initial Public Offerings (IPO) this year. This financial manoeuvre would represent a pivotal shift for a project originally designed for the “common good” towards a market-driven logic. Established in 2015, OpenAI started out amidst growing anxiety regarding artificial intelligence (AI). Founded by Sam Altman and Elon Musk, the tech company adopted a non-profit structure and made no secret of its goal to develop AI that is “beneficial to humanity” and prevent it from remaining in the hands of a few dominant players.
This ambition distinguished it from tech giants like Google, Microsoft, Meta, and Amazon, which were built on proprietary models and rent-seeking effects.
